Goldman Sachs Correlations
| GCEHXDelisted Fund | USD 11.08 0.00 0.00% |
The current 90-days correlation between Goldman Sachs Clean and Fidelity Advisor Gold is -0.04 (i.e., Good diversification). The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Goldman Sachs Correlation With Market
Good diversification
The correlation between Goldman Sachs Clean and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Clean and DJI in the same portfolio, assuming nothing else is changed.
Goldman |
Moving together with Goldman Mutual Fund
| 0.63 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.61 | BTMKX | Blackrock International | PairCorr |
| 0.63 | MDIIX | Blackrock Intern Index | PairCorr |
Moving against Goldman Mutual Fund
| 0.79 | ACP | Aberdeen Income Credit | PairCorr |
| 0.71 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.71 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.65 | COGVX | Cognios Large Cap | PairCorr |
| 0.63 | TOLSX | Deutsche Global Infr | PairCorr |
| 0.63 | TOLIX | Deutsche Global Infr | PairCorr |
| 0.61 | TOLZX | Deutsche Global Infr | PairCorr |
| 0.61 | TOLLX | Deutsche Global Infr | PairCorr |
| 0.57 | RGGEX | American Funds Global | PairCorr |
| 0.33 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.32 | VCRIX | Voya Cbre Global | PairCorr |
| 0.86 | CSCO | Cisco Systems | PairCorr |
| 0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.77 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.73 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.72 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.67 | AMECX | Income Fund | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.45 | INTC | Intel Sell-off Trend | PairCorr |
| 0.41 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.96 | 0.97 | 0.48 | 0.92 | -0.41 | FGDIX | ||
| 0.96 | 0.98 | 0.35 | 0.9 | -0.25 | OGMCX | ||
| 0.97 | 0.98 | 0.32 | 0.9 | -0.26 | SGDLX | ||
| 0.48 | 0.35 | 0.32 | 0.53 | -0.79 | GCEBX | ||
| 0.92 | 0.9 | 0.9 | 0.53 | -0.43 | UIPMX | ||
| -0.41 | -0.25 | -0.26 | -0.79 | -0.43 | MXKJX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Goldman Mutual Fund performing well and Goldman Sachs Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Goldman Sachs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGDIX | 1.31 | 0.11 | (0.01) | (0.52) | 1.57 | 2.67 | 9.78 | |||
| OGMCX | 1.40 | 0.18 | 0.05 | 2.47 | 1.41 | 2.67 | 8.66 | |||
| SGDLX | 1.33 | 0.17 | 0.03 | (1.01) | 1.47 | 2.78 | 9.03 | |||
| GCEBX | 0.73 | (0.20) | 0.00 | (0.92) | 0.00 | 1.36 | 8.30 | |||
| UIPMX | 1.33 | 0.02 | (0.03) | 0.16 | 1.74 | 2.60 | 9.86 | |||
| MXKJX | 0.55 | 0.09 | (0.02) | 0.85 | 0.41 | 1.26 | 3.51 |
Goldman Sachs Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goldman Sachs mutual fund to make a market-neutral strategy. Peer analysis of Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Goldman Sachs Clean?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.